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Stock impact report

Impinj Announces Preliminary Fourth Quarter 2017 Revenue, Reduced Outlook for First Quarter 2018

Impinj, Inc. (PI) 
Last impinj, inc. earnings: 4/27 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.impinj.com
Company Research Source: GlobeNewswire
SEATTLE, Feb. 01, 2018 (GLOBE NEWSWIRE) -- Impinj, Inc. (NASDAQ:PI), a leading provider and pioneer of RAIN RFID solutions for identifying, locating and authenticating everyday items, today announced its preliminary estimate for fourth quarter 2017 revenue as well as an anticipated decline in revenue for first quarter 2018. The company expects its fourth quarter 2017 revenue to be between $29.0 and $30.0 million, above its prior guidance of $28.25 to $29.75 million. The company will report detailed financial results on its February 15, 2018 conference call. “We delivered fourth quarter revenue consistent with our prior guidance, including strong unit-volume growth in our fixed-reader business. Our prospects for continued growth in fixed-reader deployments remain strong,” said Chris Diorio, Impinj co-founder and CEO. “Turning to first quarter 2018, our shortened endpoint IC lead times have contributed to a reduction in our endpoint IC order backlog as well as ongoing reductions in Show less Read more
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